SeaWorld Entertainment (SEAS) Lifted to “Buy” at Zacks Investment Research
SeaWorld Entertainment (NYSE:SEAS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Thursday. The firm presently has a $17.00 price objective on the stock. Zacks Investment Research‘s price target suggests a potential upside of 15.96% from the stock’s current price.
According to Zacks, “SeaWorld Entertainment, Inc. is a theme park and entertainment company operating primarily in the United States. The company owns and operates U.S. theme parks, including the popular SeaWorld(R), Busch Gardens(R) and Sesame Place(R) brands. SeaWorld Entertainment, Inc. is headquartered in Orlando, Florida. “
Several other research analysts have also recently issued reports on SEAS. B. Riley reissued a “neutral” rating on shares of SeaWorld Entertainment in a report on Wednesday, November 1st. Stifel Nicolaus reissued a “buy” rating and set a $20.00 target price (up previously from $17.00) on shares of SeaWorld Entertainment in a report on Wednesday. BidaskClub raised shares of SeaWorld Entertainment from a “strong sell” rating to a “sell” rating in a report on Friday, November 10th. ValuEngine cut shares of SeaWorld Entertainment from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, SunTrust Banks reissued a “buy” rating and set a $16.00 target price on shares of SeaWorld Entertainment in a report on Friday, November 10th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. SeaWorld Entertainment has a consensus rating of “Hold” and a consensus price target of $15.20.
SeaWorld Entertainment (NYSE:SEAS) last issued its earnings results on Tuesday, February 27th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.18) by ($0.06). SeaWorld Entertainment had a positive return on equity of 22.91% and a negative net margin of 16.02%. The business had revenue of $265.50 million for the quarter, compared to analysts’ expectations of $258.97 million. During the same period last year, the business earned ($0.14) EPS. The company’s revenue for the quarter was down .8% on a year-over-year basis. sell-side analysts expect that SeaWorld Entertainment will post 0.34 EPS for the current year.
A number of hedge funds have recently added to or reduced their stakes in SEAS. Sterling Capital Management LLC grew its position in SeaWorld Entertainment by 22,754.8% during the third quarter. Sterling Capital Management LLC now owns 3,000,835 shares of the company’s stock valued at $38,980,000 after buying an additional 2,987,705 shares during the period. Neuberger Berman Group LLC grew its position in SeaWorld Entertainment by 2,066.8% during the third quarter. Neuberger Berman Group LLC now owns 2,416,023 shares of the company’s stock valued at $31,384,000 after buying an additional 2,304,523 shares during the period. Millennium Management LLC grew its position in SeaWorld Entertainment by 2,026.0% during the fourth quarter. Millennium Management LLC now owns 2,377,853 shares of the company’s stock valued at $32,267,000 after buying an additional 2,266,005 shares during the period. Maverick Capital Ltd. acquired a new stake in SeaWorld Entertainment during the fourth quarter valued at $21,163,000. Finally, Hill Path Capital LP grew its position in SeaWorld Entertainment by 12.9% during the third quarter. Hill Path Capital LP now owns 13,581,406 shares of the company’s stock valued at $176,422,000 after buying an additional 1,556,869 shares during the period. Institutional investors own 88.02% of the company’s stock.
About SeaWorld Entertainment
SeaWorld Entertainment, Inc is a theme park and entertainment company. The Company owns or licenses a portfolio of brands, including SeaWorld, Sea Rescue and Busch Gardens. As of December 31, 2016, the Company had a diversified portfolio of 12 destination and regional theme parks that are located across the United States.
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